Bank of Canada unaudited balance sheet

Summary#

This notice publishes the unaudited statement of financial position of the Bank of Canada as at June 30, 2023. Amounts are shown in millions of dollars and the statement reports total assets and total liabilities of 357,506, with a reported total deficiency of (3,138).

What it does#

• Publishes the Bank’s unaudited balance sheet for the period ending June 30, 2023.
• Shows the main asset figures (amounts in millions of dollars):
  • Cash and foreign deposits: 13
  • Total investments: 327,560
    • Government of Canada bonds — amortized cost: 94,672
    • Government of Canada bonds — fair value: 196,578
    • Canada Mortgage Bonds: 8,052
    • Other bonds: 8,970
    • Securities lent or sold under repurchase agreements: 18,798
    • Shares in the Bank for International Settlements: 490
  • Derivatives — indemnity agreements with the Government of Canada: 28,834
  • Total capital assets (property, equipment, intangibles, leases): 663
  • Other assets: 432
• Shows the main liability figures:
  • Bank notes in circulation: 117,712
  • Total deposits: 224,910
    • Government of Canada deposits: 42,953
    • Members of Payments Canada deposits: 171,013
    • Other deposits: 10,944
  • Securities sold under repurchase agreements: 17,726
  • Total liabilities: 360,644
• Shows the equity/deficiency items:
  • Share capital: 5
  • Statutory and special reserves: 100
  • Investment revaluation reserve: 452
  • Actuarial gains reserve: 393
  • Accumulated deficit: (4,088)
  • Total deficiency: (3,138)
• The statement is signed as correct on August 2, 2023 by Coralia Bulhoes (Chief Financial Officer and Chief Accountant) and Carolyn Rogers (Senior Deputy Governor).

Who's affected#

• People who follow Canada’s central bank accounts: investors, economists, financial journalists, and researchers.
• The federal government and members of Payments Canada, since they are listed as deposit holders on the balance sheet.
• The general public interested in transparency about the central bank’s finances.
• If it is unclear who else is affected, the statement itself does not name any additional specific groups.

Why it matters#

• It gives a public snapshot of the Bank’s financial position and where its money and obligations sit (for example, holdings of government bonds and currency in circulation).
• Analysts and markets use this information to track the size and composition of the Bank’s balance sheet, which relates to monetary policy and liquidity in the financial system.
• The statement is unaudited and a routine disclosure; it provides transparency but does not by itself change policy or legal obligations.